I just read half of the article down to the part below. Interesting points Stockman brought out.

part”

So when Yellen averred that valuations were still within “historical ranges” (albeit “elevated”), just exactly what history was she talking about? Surely the last three decades of easy money and falling yields—capped off with massive QE and practically zero yields since 2008—are not the right historical benchmark at all.

Comment:

Decades ago, I heard Greenspan say something like….”We at the Fed prefer not to abort any bubble. We feel its better to wait until it pops, and then address the problems”. So maybe that’s why she did not show concern.

Another thought here, in the past the Stock Market was considered a barometer, suggesting a booming future. That would not surprise me because after the 2008 crash I posted my views that the past 1913 to 2008 era had ended and a reversal of that past had already started. If anyone remembers?

I always figured the global master planners that built up the USA until 1971, and then rotated to building up other nations, China being the last one before rotating back to the USA after 2008.

So right now, it’s “USA’s 1975” in China. Topped off with real prosperity, and ready for fake, green like, higher taxes prosperity. And right now the USA is in China’s 1975 situation. Targeted for development. The “immerging markets” did not just immerge. They were created. The USA was an immerging market one time.

In my opinion? The USA has been in an invisible stealth great depression since 1975. The master planners are very clever. However 9/11 threw them a curve ball. And globalization is failing.

Even if there is some kind of a perfect storm financial disaster, it would be considered a climax, and give birth to a new prosperity. Like declaring bankruptcy and have a new fresh start. So bring on the crash. 🙂

CNBC’s Fed fanboy, Steve Liesman, accidentally knocked one out of the park yeserday when he lured Janet Yellen into a quip that will surely go down as the signature insanity of her baleful tenure. Liesman thus queried:

“Every day it seems the stock market goes up triple digits… is it now, or will it soon become a worry for the central bank that valuations are this high?”

After a bit of double talk interspersed with gobbledygook, Yellen uttered the money quote:

”There is nothing flashing red there or possibly even orange,” on asset valuations…

Ipso – yeah pretty stunning numbers – I have no idea what they mean if anything. Sinclair always said the banksters would be on the right side of the trade. My sense is that they’ve been playing both sides so when the commercials go heavy on longs I get a little worried. As usual, I know nothing.

samb – really hope you’re right. Hard to see from where I’m sitting because of the action and I have zero trust of charts in this manipulated sector – the MOST manipulated sector in any market. I’m pulling for ya. 🙂

Higher Low’s DEC 15/16/17…Bottom is in. Int. high of July 16 was almost tackled @ $1377….Next Int. high should blow it away. It’s all Nugt now. Dust is finished for this cycle except for whiplash corrective runs. Looking very good for Gold longs for this and following cycles. Yesterday, I turned from short term bear to bull…don’t like how it happened but, chart REALITY is stareing at us. Long is now the correct path, in my very strong opinion.

R640 – what is it you used to say “resilience don’t pay the bills”?
Agree that with the USD up we could have had a worse day but the action in the shares was pitiful and doesn’t signal strength is on the way.

Who really pays the corporate tax ?
In the end it all trickles down to the consumer , who pays more for everything he buys from the corporations , so when you hear someone say that it is time for the corporations to pay their ‘fair share’ , remember that it is you who pays it eventually .

“A PRODUCING SHOP CAN EXIST WITHOUT AN OFFICE AND SHOWROOM, BUT AN OFFICE AND SHOWROOM CAN NOT EXIST WITHOUT THE SHOP”.

Well? TPTB gave China et al, the production shop, and STUCK the Americans with one big gigantic office and showroom, and we can no longer exist without our shop, but the PTB (global business) really don’t want to bring it all back or “do it” to themselves. They would lose something.

The correction in 2016 started right after Trump started campaigning. Everything reversed. We won’t need Gold, the Trump economy will prosper, we don’t need to worry about gun confiscation, Obama’s out, gun stocks down gold stocks down.

Roger that. Imo the gov’t picks the winners and the losers. The losers being manufacturing businesses and their employees. The “losers” should be income and profit tax exempt. Simple.

He or they who benefits the MOST from gov’t, should be a 90% tax bracket. The people who get nothing or no benefit should be in a 5% tax bracket. Lets face it. The people getting PAID by gov’t are simply NOT paying taxes, because their entire profit or pay check CAME from the gov’t.

Anything they “pay” is really just a kick back. Plus, their pay and benefits or profits (civil service and defense plants for ex) are so good, even after the “kick back” tax, the net income or profit in STILL very respectful. We have cops in my village getting around $200k/yr.

I also think the very unpleasant, difficult, disgusting, out door jobs in heat or freezing temps and or dangerous jobs should have a lower income tax. ( pumping out cesspools, linemen, miners, commercial fishermen machinery operators etc)

All the “teat jobs” should be in a higher tax bracket. (like indoor librarian, pencil pusher office workers, retail employees, and naturally ALL elected officials have teat jobs.

yeah, I don’t disagree on the historical side, when I mention healthcare I’m talking recent history and mostly about my personal experience and how it effects my standard of living. Anything the gov’t touches goes to shit.

Good points you brought up except for the healthcare and extreme taxation killing living standards.

I can’t help myself but to blame all the peoples problems on the trade deficits , importing ten times more than exporting for decades.

I see the healthcare and extreme taxation as results of globalization and imports after 1975. Multinational businesses, the “green” hoax, and global philanthropists objectives have WON. Nothing left here to win anymore.

THAT’S why their Media keeps complaining about no wage USA inflation. We can’t afford to support them anymore. They took the cake, and they even came back for the crumbs, when they handed out all those big loans to people with no jobs, just to keep us spending at Home Depot and Lows etc, and various other false occupations created.

Look how many people lost money on Fanny Fready stocks, the alleged AAA Bond buyers etc etc.